Bharat Forge Stock Forecast

Stock Price Forecast

According to 22 analysts polled by S&P Global, Bharat Forge stock has a consensus rating of "Hold" and an average price target of ₹1,841. The average 1-year stock price forecast is 14.18% lower than the current stock price, while the lowest is ₹1,060 (-50.58%) and the highest is ₹2,500 (+16.55%).

Price Target: ₹1,841 (-14.18%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹1,060	₹1,841	₹1,824	₹2,500
Change	-50.58%	-14.18%	-14.97%	+16.55%

Analyst Ratings

The average analyst rating for Bharat Forge stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	7	6	6	7	6
Buy	4	4	4	4	2	2
Hold	7	6	6	6	5	5
Sell	4	2	2	2	3	3
Strong Sell	6	5	5	5	6	6
Total	24	24	23	23	23	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹2,360	Buy	Maintains	₹2,360	+10.02%	Jun 23, 2026
Unknown Analyst Geojit Research No rating	Geojit Research	Buy Maintains ₹1,946	Buy	Maintains	₹1,946	-9.28%	Feb 17, 2026
Andrew Percoco Morgan Stanley	Morgan Stanley	Buy Maintains ₹1,978	Buy	Maintains	₹1,978	-7.79%	Feb 13, 2026

Financial Forecast

Revenue This Year

199.26B

from 168.12B

18.52%

from 168.12B

Revenue Next Year

228.77B

from 199.26B

14.81%

from 199.26B

EPS This Year

36.82

from 24.69

49.11%

from 24.69

EPS Next Year

49.33

from 36.82

33.99%

from 36.82

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	104.61B	129.10B	156.82B	151.23B	168.12B	199.26B
Revenue Growth	65.10%	23.41%	21.47%	-3.57%	11.17%	18.52%
Gross Profit	60.63B	67.48B	80.36B	83.08B	92.22B	107.30B
Gross Margin	57.96%	52.27%	51.25%	54.93%	54.86%	53.85%
Operating Income	12.33B	10.48B	17.25B	18.48B	19.56B	25.77B
Net Income	10.82B	5.28B	9.51B	9.41B	10.80B	17.72B
EPS	-	-	-	-	24.69	36.82
EPS Growth	-	-	-	-	-19.14%	49.11%
Forward PE	-	-	-	-	-	58.26
Dividend / Share	7.00	7.00	9.00	8.50	8.50	9.90
Dividend Growth	-	-	28.57%	-5.56%	-	16.48%
Free Cash Flow	-8.97B	-3.59B	1.71B	-3.76B	7.23B	13.94B
No. Analysts	-	-	-	-	-	21

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	209.8B
Avg	199.3B
Low	192.8B

Revenue Growth

Revenue Growth	2027	2028	2029
High	24.8%
Avg	18.5%
Low	14.7%

EPS Forecast

EPS	2027	2028	2029
High	41.40
Avg	36.82
Low	31.90

EPS Growth

EPS Growth	2027	2028	2029
High	67.7%
Avg	49.1%
Low	29.2%